Indonesia

The  JBIC is ready to finance the development of two power plants in Central Java and North Sumatra with a total value of more than US$1 billion.

Daewoo plans to build a $290 million power plant in North Sumatra that will supply 60 megawatts of electricity to state utility provider Perusahaan Listrik Negara.

General Electric has allocated US$1.2 billion to finance its expansion outside Java with a brand new office in East Kalimantan province's capital of Balikpapan.

PT PLN will install solar panels worth US$138.76 million for 340,000 new customers in eastern Indonesia this year.

YTL Power will bid for a $3 billion coal-fired power plant in Central Java, Indonesia, in partnership with a number of Japanese firms.

PLN announced it would buy electricity from a 30 MW wind farm run by Viron Energy in Sukabumi, West Java.

Overview On 16 February 2011, the Minister of Energy and Mineral Resources (the MEMR) issued a new regulation on Electricity Pricing for Indonesian Geothermal Projects (MEMR Reg 2/2011). This new regulation is important because it obliges PT Perusahaan Listrik Negara (Persero) (PLN) to buy electricity from independent geothermal power producers and sets price guidelines for the purchase of the power by PLN under the applicable power purchase agreements (PPAs). This regulation will be used as a reference for all geothermal power projects in Indonesia. The procedure for establishing tariffs for Indonesian geothermal power projects has lacked clarity for some years. We expect that MEMR Reg 2/2011 will provide greater certainty to the process of settling tariffs for such projects, thereby expediting the negotiation of geothermal PPAs and helping to provide much-needed impetus to the development of this sector.

Tetra Tech will help the Indonesia expand its domestic energy supply to provide power to 90 per cent of its population by 2025.

ADB is extending $200 million in loans partly to assist Indonesia embark on major energy efficiency improvements in export industries.

Despite the Japan nuclear crisis, Indonesia will press on with plans to build a nuclear plant close to a fault line.

Viron Energy has gotten approval from the Energy and Mineral Resources Ministry to construct a 30MW wind power plant in Sukabumi, West Java, Indonesia.

Indonesia will receive a US$500 million loan from ADB to build three geothermal-fired power plants with a total capacity of 165 megawatts.

Peabody Energy will source 2 million tons of coal for export from Indonesia's PT Cahaya Energi Mandiri.

Perusahaan Listrik Negara's plans to lower electricity tariffs for industrial use between 11 p.m. and 7 a.m.

Papua New Guinea and the ADB signed a $57.3 million loan to reduce power shortages in urban areas.

Indonesian Energy and Mineral Resources Ministry has set aside us$39 million to mitigate risks for the development of geothermal projects.